Clean Power Professionals Group
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Investors bet clean power shift will fuel higher uranium prices
"Investors are betting that global support for a transition to cleaner energy will benefit nuclear power and its fuel uranium.
A Solactive index tracking shares in uranium miners has rallied 35 per cent in 2021 on a total return basis, reaching its highest level in more than six years. The move is being driven by hopes that nuclear energy will play a role in helping countries shift away from fossil fuels as they target net zero emissions by mid-century.
Nuclear energy provides a low-carbon source of power that is not intermittent, unlike wind and solar. 'Electrification and clean energy is at the heart of the Asian rollout of nuclear capacity led by China,' Rob Crayfourd, a portfolio manager at the New City Investment Managers’ Geiger Counter fund, said. 'In tandem with that, Biden and the EU's policies are very much keen to incorporate nuclear as part of the energy mix.'"
Source: Financial Times
Investors bet clean power shift will fuel higher uranium prices
Expectations for growth in nuclear power lift shares in miners of the radioactive metal
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